One Charles Private Wealth Services LLC Sells 12,788 Shares of American Water Works Company, Inc. (NYSE:AWK)

One Charles Private Wealth Services LLC cut its position in American Water Works Company, Inc. (NYSE:AWK) by 32.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,167 shares of the utilities provider’s stock after selling 12,788 shares during the period. American Water Works comprises about 1.8% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 11th biggest holding. One Charles Private Wealth Services LLC’s holdings in American Water Works were worth $3,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Diversified LLC raised its holdings in American Water Works by 3.2% in the 4th quarter. Diversified LLC now owns 2,547 shares of the utilities provider’s stock valued at $336,000 after acquiring an additional 80 shares in the last quarter. Brookstone Capital Management raised its holdings in American Water Works by 4.8% in the 4th quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock valued at $239,000 after acquiring an additional 83 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of American Water Works by 10.4% during the 4th quarter. Headlands Technologies LLC now owns 894 shares of the utilities provider’s stock worth $118,000 after buying an additional 84 shares in the last quarter. Consolidated Portfolio Review Corp raised its holdings in shares of American Water Works by 0.5% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 20,919 shares of the utilities provider’s stock worth $2,590,000 after buying an additional 94 shares in the last quarter. Finally, MV Capital Management Inc. lifted its position in shares of American Water Works by 110.8% during the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after buying an additional 103 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AWK has been the subject of several research analyst reports. Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $160.00 to $135.00 in a research note on Friday, February 16th. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

Insider Buying and Selling at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the sale, the executive vice president now owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

American Water Works Trading Up 2.2 %

NYSE AWK traded up $2.80 during trading hours on Friday, reaching $128.75. The company’s stock had a trading volume of 1,735,768 shares, compared to its average volume of 1,694,021. The firm has a fifty day simple moving average of $119.53 and a 200-day simple moving average of $124.35. The stock has a market cap of $25.08 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.07 and a beta of 0.62. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $151.24. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.59.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $962.30 million. American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. Equities analysts forecast that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Monday, May 13th. This is an increase from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s dividend payout ratio is currently 57.40%.

American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.